Jiangnan Red Arrow: Announcement of Tripartite Supervision Agreement for Raised Funds

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**Abstract** Stock Code: 000519 Securities Abbreviation: Jiangnan Red Arrow Announcement No.: 2013-55 Hunan Jiangnan Red Arrow Co., Ltd. announces the signing of a tripartite supervision agreement for the management of funds raised through a private placement. The company and its board of directors guarantee the accuracy, completeness, and truthfulness of the information provided in this announcement, with no false statements or material omissions. This announcement is issued in accordance with the approval from the China Securities Regulatory Commission (CSRC), which permitted the company to issue shares to acquire assets and raise matching capital. A total of 136,715,909 RMB ordinary shares were issued to nine specific investors, raising a total of 1,323,409,999.12 yuan. After deducting issuance-related expenses of 53,421,987.73 yuan, the net amount of raised funds amounted to 1,269,988,011.39 yuan. All funds have been fully allocated and verified by Dahua Certified Public Accountants. To ensure proper use of the raised funds and protect investor interests, the company has established a special fundraising account at the Bank of China Nanyang Branch. In collaboration with CITIC Securities, the company signed a Tripartite Supervision Agreement for the Management of Special Funds. This agreement outlines key responsibilities and oversight mechanisms among the company, the bank, and the financial advisor. The special account, with the number 2637 2420 9889, holds the entire amount of 1,269,987,810.89 yuan as of November 30, 2013. It is exclusively used for the acquisition of 100% equity in Zhongnan Diamond Co., Ltd. and cannot be used for any other purpose. Under the agreement, CITIC Securities acts as the independent financial advisor and is responsible for monitoring the usage of the funds. The company and the bank must comply with all relevant laws and regulations, while the financial advisor has the right to conduct on-site inspections, request documents, and verify fund movements. The agreement also includes provisions for monthly account statements, timely notification of large withdrawals, and procedures for replacing financial advisors. Any breach of the agreement may result in termination and cancellation of the special account. Disputes will be resolved through arbitration at the Beijing Arbitration Commission. This announcement serves as a reference for stakeholders and ensures transparency in the management of the raised funds. **Board of Directors** Hunan Jiangnan Red Arrow Co., Ltd. December 18, 2013

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